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Finance
KOSPI breaks through 8,000 for first time on AI chip rally
South Korea\'s KOSPI index crossed the 8,000 mark for the first time intraday on May 15, extending a rally led by large chipmakers such as Samsung Electronics and SK Hynix. The index has risen about 21 percent in May after first clearing 7,000 on May 6. The move is underpinned by expectations of stronger AI-related memory demand, though heavier dependence on chip bellwethers could increase volatility.
Industry
SKC declares transparent management, CEO to disclose business update
SKC appointed Kim Jong-woo as its new chief executive and held a shareholder briefing after its annual meeting to disclose its business status and investment plans. The company said it will invest 590 billion won from a 1 trillion won rights offering in its glass substrate unit Absolics and use the remaining 410 billion won to repay borrowings. SKC also outlined turnaround plans for existing businesses and board appointments.
Industry
Chip equipment makers step up test chip competition as proof demands rise
Semiconductor equipment makers are reinforcing test chip capabilities as chipmakers increasingly require pre-validated solutions for advanced processes. With the cost of halting production lines rising for sub-2-nanometre nodes, chipmakers are reluctant to test new tools and materials on their own fabs. Applied Materials is expanding test chip teams and global R&D infrastructure, including a META Center in New York. Samsung Electronics is also working with key customers on PPA evaluations and test chip collaboration.
